“Sinomi Centers” receives notification that lawsuits have been filed against it from the owner of Dhahran Mall

The Arabian Centers Company (Sinomi Centers) received a notification that lawsuits had been filed against it by the owner of Dhahran Mall, demanding… " For a fee like" and"Property rent" and"Collecting revenue from the property – Dhahran Mall-".

The company said in a statement on the website "Saudi Arabia trading"The second party in the case is Prince Mansour bin Miteb bin Abdulaziz Al Saud.

She added that the lawsuit is before the second circuit responsible for hearing large lawsuits / the General Court in Riyadh.

She explained that the plaintiff filed a lawsuit against the company demanding compensation (according to his claim) as follows: "An example fee of 161,853 thousand riyals for an uncontracted space in Dhahran Mall and its expansion."

• The plaintiff filed a lawsuit against the company demanding compensation (according to his claim) as follows: "The property rent amounted to 103,397 thousand riyals for the burned part of Dhahran Mall."

• The plaintiff filed a lawsuit against the company demanding compensation (according to his claim) as follows: "Collecting revenues from the property – Dhahran Mall – amounting to 523,028 thousand riyals."

She explained that it is not possible at this stage to determine the financial impact, and any developments related to these lawsuits will be announced in due course.

She noted the appointment of a specialized law firm to represent the company to follow up on the lawsuits and make the necessary effort to defend the company’s rights and the rights of its shareholders. It is not possible at this stage to estimate the liability that the company may bear until the start of the judicial hearings, and any developments related to the lawsuits will be announced at that time.

The company confirmed that it reserves all its statutory and legal rights and is working with its legal advisors to study these lawsuits and take all legal and regulatory measures to claim its rights and file counterclaims against the other party to compensate it for any damages or losses that may befall it in order to defend its interests and the interests of its shareholders.

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